Lamb Weston Holdings, Inc. (NYSE:LW) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its stake in Lamb Weston Holdings, Inc. (NYSE:LW) by 4.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,149 shares of the specialty retailer’s stock after selling 403 shares during the period. Crossmark Global Holdings Inc.’s holdings in Lamb Weston were worth $685,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of LW. Peregrine Capital Management LLC grew its holdings in Lamb Weston by 11.2% during the 2nd quarter. Peregrine Capital Management LLC now owns 123,357 shares of the specialty retailer’s stock valued at $10,372,000 after purchasing an additional 12,441 shares in the last quarter. Crewe Advisors LLC boosted its position in Lamb Weston by 357.5% in the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 261 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in shares of Lamb Weston during the second quarter valued at about $2,832,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Lamb Weston by 12.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,298 shares of the specialty retailer’s stock worth $3,893,000 after acquiring an additional 4,996 shares during the last quarter. Finally, Cambiar Investors LLC lifted its stake in shares of Lamb Weston by 32.8% in the second quarter. Cambiar Investors LLC now owns 141,671 shares of the specialty retailer’s stock worth $11,912,000 after acquiring an additional 34,981 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Price Performance

LW opened at $61.92 on Monday. The company has a quick ratio of 0.59, a current ratio of 1.29 and a debt-to-equity ratio of 1.92. The company’s 50-day moving average price is $68.91 and its 200 day moving average price is $83.52. Lamb Weston Holdings, Inc. has a fifty-two week low of $52.99 and a fifty-two week high of $111.88. The firm has a market cap of $8.90 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 5.90 and a beta of 0.74.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Wednesday, July 24th. The specialty retailer reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by ($0.46). Lamb Weston had a return on equity of 44.06% and a net margin of 11.22%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.71 billion. As a group, sell-side analysts expect that Lamb Weston Holdings, Inc. will post 4.54 earnings per share for the current year.

Lamb Weston Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 2nd were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.33%. The ex-dividend date was Friday, August 2nd. Lamb Weston’s dividend payout ratio (DPR) is 19.23%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Lamb Weston from $108.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. TD Cowen cut Lamb Weston from a “buy” rating to a “hold” rating and reduced their target price for the company from $105.00 to $61.00 in a research note on Thursday, July 25th. Stifel Nicolaus lowered shares of Lamb Weston from a “buy” rating to a “hold” rating and dropped their price target for the stock from $115.00 to $60.00 in a research note on Thursday, July 25th. Consumer Edge downgraded shares of Lamb Weston from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. Finally, Wells Fargo & Company decreased their price objective on shares of Lamb Weston from $98.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $87.70.

Insider Transactions at Lamb Weston

In other news, Director William G. Jurgensen bought 10,000 shares of Lamb Weston stock in a transaction on Friday, July 26th. The stock was purchased at an average cost of $55.43 per share, with a total value of $554,300.00. Following the purchase, the director now directly owns 173,377 shares of the company’s stock, valued at approximately $9,610,287.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.66% of the company’s stock.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.